InterChange Group, Inc., a provider of warehousing and third-party logistics headquartered in Virginia’s Shenandoah Valley, has announced a new expansion in Portsmouth, Virginia is expected to create additional jobs and new business opportunities for east coast importers.
The 12.5 acre plot of land, formerly the site of a meat processing plant, is located just minutes away from three VA Port Authority marine terminals. The plant has been demolished to make way for the new nearly-200,000 sf InterChange facility, which will include 20 drop trailer locations, 28 docks, and food-grade specifications.
InterChange’s announcement of their expansion to Portsmouth comes amid the expansion of the Panama Canal and increased port activity in the Hampton Roads, including the first-ever arrival of a supersized Neo-Panamax cargo ship to the Port of Virginia in July 2016. “We are witnessing the results that the expanded canal is going to have on world commerce and especially the benefits it will bring to the east coast ports,” Panama ambassador Emanuel Gonzalez-Revilla told the Virginian-Pilot.
Kenny Alexander, mayor of neighboring Norfolk, Virginia, told the Pilot that the port’s newfound ability to handle supersized cargo ships is “a testament to the trade and business climate here in Virginia and our port, and we look forward to more of those Panamax ships coming to the Port of Virginia.”
InterChange will break ground on the facility in Portsmouth on July 27. Construction is expected to take eight months. When finished, the new facility will reflect an estimated $11 million investment in the developing Port of Virginia economy.
Click here for more information about the Portsmouth Logistics Center.
InterChange Group, Inc. is a provider of 3PL services, providing unparalleled supply chain management through the Shenandoah Valley and beyond, as well as warehousing and transportation for a wide array of commercial needs, ensuring safe storage and timely delivery.
Photos and Video
These renders of the new building’s site plan were provided by Kimley-Horn.